I sold real estate for over 20 years and can tell you that agents have to split the commission with the broker , pay all advertising and other fee’s so when you say it is a 3 percent( I always demanded 7 percent , yes, lol and got it) commission the agent after all costs are lucky to see a full 1 percent . This is mls agents, village sales people do not pay for any marketing costs or cost associated with selling a property so they should be a bit less. So, understanding this you can see why agents would not be in a hurry to sell yours . Most homes listed at a reduced rate end up selling for far less then what you can walk away with offering a great commission. In fact, if I had a challenging listing I would have a seller offer a 8 percent and not once, have I ever not sold a house that was marketed this way for not only the best possible price, but also in the quickest time possible.
MLS agents are Realtors , meaning they not only have legal training hours every year but in order to be a Realtor they must go through a screening process , and is 100 percent responsible for the entire sale, where The Village sales are treated like employees and their only job is to show and write contracts . Where I sold in Mi we were responsible for making sure title is clean ( most do not understand a title company gives you a title but they do not tell you what is in it or deed restrictions etc. )The title companies around here would be out of business anywhere else, if you do not have a full time professional realtor then please( after what I have seen) hire a lawyer!
More commission, more money in the end on your house.
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